Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

U.S. job openings post biggest drop in nearly 2-1/2 years in August

10/04/2022 | 10:18am EST
A pedestrian passes a

WASHINGTON(Reuters) - U.S. job openings fell by the most in nearly 2-1/2 years in August, though staying at high levels as demand for labor remains fairly strong, which could keep the Federal Reserve on its aggressive monetary policy tightening path.

Job openings, a measure of labor demand, dropped 1.1 million to 10.1 million on the last day of August, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.

August's decline was the largest since April 2020, when the economy was reeling from the first wave of the COVID-19 pandemic. Data for July was revised lower to show 11.170 million job openings instead of 11.239 million as previously reported.

Economists polled by Reuters had forecast 10.775 million vacancies.

The Fed is trying to cool demand for labor and the overall economy to bring inflation down to its 2% target. The U.S. central bank has since March hiked its policy rate from near zero to the current range of 3.00% to 3.25%, and last month signaled more large increases were on the way this year.

(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.50% 0.67317 Delayed Quote.-7.62%
BRITISH POUND / US DOLLAR (GBP/USD) 0.65% 1.22102 Delayed Quote.-9.88%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.01% 0.73248 Delayed Quote.-6.97%
EURO / US DOLLAR (EUR/USD) 0.45% 1.05131 Delayed Quote.-7.68%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.13% 0.012149 Delayed Quote.-9.07%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.80% 0.63726 Delayed Quote.-7.52%
Latest news "Economy"
12:32pUK finance minister to meet North Sea execs on windfall tax
RE
12:29pCitigroup CEO sees trading revenue rising 10% in Q4; investment banking slides
RE
12:28pPolish central bank says data suggests further slowdown
RE
12:25pKyiv mayor brushes off Zelenskiy's criticism as 'politics'
RE
12:24pLawsuit against Russia's Wagner group seeks Ukraine reparations: lawyer
RE
12:23pRussian agent bought Beverly Hills condos, violating sanctions -U.S. prosecutors
RE
12:20pCanada, Netherlands to intervene in genocide case against Russia at ICJ
RE
12:19pBiden to appear at vigil for victims of gun violence
RE
12:18pAustralia targets EU trade deal in first half of 2023 - minister
RE
12:17pKyiv mayor says 'apocalypse' scenario possible this winter, but urges no panic
RE
Latest news "Economy"